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  • In 2021, the world’s per capita apparent steel consumption was 233 kg, returning to pre-epidemic levels

    In 2021, the world’s per capita apparent steel consumption was 233 kg, returning to pre-epidemic levels

    According to the world Steel Statistics 2022 recently released by the World Steel Association, global crude steel production in 2021 was 1.951 billion tons, up 3.8% year on year. China’s crude steel production reached 1.033 billion tons in 2021, down 3.0% year-on-year, the first year-on-ye...
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  • Analysis of global scrap steel consumption and trade in 2021

    Analysis of global scrap steel consumption and trade in 2021

    According to the World Steel Association, global crude steel production in 2021 was 1.952 billion tons, up 3.8 percent from the previous year. Among them, oxygen converter steel output was basically flat at 1.381 billion tons, while electric furnace steel output rose 14.4% to 563 million tons. Ac...
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  • Ductile iron pipe introduction

    Ductile iron pipe introduction

    Ductile iron pipe is a kind of cast iron pipe. Quality requirements of cast iron pipe spheroidization grade control for 1-3 (spheroidization rate “80%), so the mechanical properties of the material itself has been better improved, with the nature of iron, steel performance. Annealed ducti...
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  • Indian steelmakers are worried about losing international markets

    Indian steelmakers are worried about losing international markets

    On May 27, Finance Minister Nirmala Sitharaman announced on social media that the country has decided to make a series of changes to the tax structure for key commodities, effective May 22, general media reported. In addition to lowering import tariffs on coking coal and coke from 2.5 percent...
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  • Federal Reserve Financial Stability Report: Liquidity in major financial markets is deteriorating

    Federal Reserve Financial Stability Report: Liquidity in major financial markets is deteriorating

    In its semi-annual financial stability report released on Monday local time, the Fed warned that liquidity conditions in key financial markets were deteriorating because of rising risks from the Conflict between Russia and Ukraine, tighter monetary policy and high inflation. “According to...
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  • The IMF cut its forecast for global growth this year to 3.6%

    The IMF cut its forecast for global growth this year to 3.6%

    The International Monetary Fund (IMF) on Tuesday released its latest World Economic Outlook, predicting that the global economy will grow 3.6 % in 2022, down 0.8 % points from its January forecast. The IMF believes the conflict and western sanctions on Russia have caused a humanitarian disast...
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  • World Steel Association: Global steel demand growth is expected to decline in 2022

    World Steel Association: Global steel demand growth is expected to decline in 2022

    On April 14, 2022, the World Steel Association (WSA) released the latest version of the short-term (2022-2023) steel demand forecast report. According to the report, global steel demand will continue to grow by 0.4 percent to 1.8402 billion tons in 2022, after growing by 2.7 percent in 2021. In...
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  • Introduction of anticorrosive coating for ductile iron pipe

    Introduction of anticorrosive coating for ductile iron pipe

    1, spray zinc anti-corrosion coating After preheating the nodular cast iron pipe, the pipe body is sprayed with high temperature molten metal zinc solution when the temperature reaches about 600 degrees Celsius. The zinc coating after spraying has good adhesion, is not easy to fall off, and has g...
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  • Effect of zinc spraying on ductile iron steel pipe

    Effect of zinc spraying on ductile iron steel pipe

    Zinc spraying refers to the surface treatment technology of plating a layer of zinc on the surface of metal, alloy or its wide material in order to play the role of beauty and rust prevention. The main method used is hot dip galvanizing. So what is the effect of zinc spraying on dry nodular c...
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  • China-EU trade: showing resilience and vitality

    China-EU trade: showing resilience and vitality

    In the first two months of this year, the EU overtook ASEAN to become China’s largest trading partner again. According to the latest data released by the Ministry of Commerce, bilateral trade between China and the EU reached 137.16 billion US dollars in the first two months of this year...
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  • Malaysia RCEP went into effect

    Malaysia RCEP went into effect

    The Regional Comprehensive Economic Partnership (RCEP) is set to enter into force for Malaysia on March 18, following its entry into force for six ASEAN and four non-ASEAN countries on January 1 and for The Republic of Korea on February 1. It is widely believed that with the RCEP coming into fo...
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  • India’s demand for Chinese goods is surging

    India’s demand for Chinese goods is surging

    New Delhi: According to data released by China’s General Administration of Customs this month, India’s total imports from China in 2021 hit a new high of $97.5 billion, accounting for a larger share of the two countries’ total trade of $125 billion. It was also the first time ...
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